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We recently published a list of 10 Stocks on Jim Cramer and Wall Street’s Radar. In this article, we are going to take a look at where UnitedHealth Group Incorporated (NYSE:UNH) stands against other stocks on Jim Cramer and Wall Street’s radar.
Nearly a month ago, a caller inquired about UnitedHealth Group Incorporated (NYSE:UNH), and here is what the Mad Money host had to say:
“Okay, it’s going to be under pressure for some time because a lot of companies really, a lot of big pension funds and mutual fund managers, thought everything was perfect. But I am going to say today at $400, I would indeed start a position. I have been very negative on UnitedHealth from 630 down to this caller right here. I would start a position at 400 bucks. That’s a big change for me.”
A senior healthcare professional giving advice to a patient in a clinic.
UnitedHealth Group Incorporated (NYSE:UNH) offers a wide range of healthcare services, including insurance, pharmacy benefits, care delivery, and health technology solutions. The company’s operations support individuals, employers, and government programs through medical, pharmaceutical, and digital services.
On May 21, HSBC analyst Sidharth Sahoo downgraded UnitedHealth Group (NYSE:UNH) to Reduce from Hold and lowered the price target to $270 from $490. The firm noted that the stock has lost half its value since Q1 after a CEO transition, the withdrawal of 2025 guidance, and Medicare fraud claims. HSBC sees pressure on earnings and ongoing policy uncertainty. The firm thinks that downside risks now outweigh the rewards and that more earnings revisions may follow.
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Disclosure: None. This article is originally published at Insider Monkey.
